30-Jun-2026 21:18:13
HGINFRAAcquisition and merger
HATHWAY GIGATEL LIMITED ACQUIRED WR ER PART C POWER TRANSMISSION LIMITED
• Share Purchase Agreement (SPA) executed with REC Power Development and Consultancy Limited on June 30, 2026. • Acquired 100% equity shares of WR ER Part C Power Transmission Limited (SPV). • Target entity's business aligns with the company's infrastructure business and expansion strategy in the power transmission sector. • Cost of acquisition: ₹500,000 for 50,000 equity shares at ₹10/- each. Impact: Strategic acquisition to expand presence in power transmission sector.
H.G. Infra Engineering Ltd
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